Bybit, a leading cryptocurrency exchange, has recently taken a surprising step by removing China from the list of restricted countries. While countries like the United States, the United Kingdom, Canada, Singapore, and Hong Kong continue to be restricted from using Bybit’s services, China has been notably excluded from this list. This move has sparked speculation
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The detention of Tigran Gambaryan, a high-ranking executive at Binance, by Nigerian authorities has raised major concerns among a group of U.S. lawmakers. They have called on President Joe Biden to intervene in what they describe as a hostage crisis. Gambaryan has been held for nearly three months, with his health deteriorating during his time
In a recent report by Exponential Age Asset Management (EXPAAM), it was revealed that Bitcoin, Ethereum, and Solana have been consistently outperforming traditional assets like Gold. With annualized returns of 141%, 152%, and 224%, respectively, these digital assets have been the top performers in the investment space. This trend is not new, as crypto assets
In recent months, there has been a noticeable trend of large bitcoin holders, commonly referred to as “whales”, accumulating more tokens. The latest data reveals that a specific group of whale addresses now collectively own over 40% of the total bitcoin supply. This significant accumulation by whales, particularly those holding over 1,000 BTC, has been
In recent times, meme coins have dominated the cryptocurrency market, attracting the attention of large investors known as whales. One such whale has made headlines by aggressively accumulating Shiba Inu (SHIB) tokens. Over the course of just six hours, this investor spent a staggering 4,849 ETH, equivalent to approximately $18.44 million, to acquire an astonishing
Traders’ positions indicate a moderate level of excitement surrounding the upcoming launch of spot Ethereum ETFs. Despite a relatively uneventful week, K33 research suggests that these funds could potentially follow a similar explosive path to Bitcoin ETFs. The research firm projects that approximately $4 billion could flow into spot Ethereum ETFs within the first five
Binance Coin, the native token of the world’s largest cryptocurrency exchange, has recently seen a surge in its price, reaching a new all-time high above $700. However, this success comes amidst a backdrop of regulatory challenges and legal issues that have plagued the exchange. Binance has been embroiled in a legal battle with Nigerian authorities,
Bitcoin, the enigmatic digital currency, has once again found itself under the spotlight as the US banking system faces increasing stress. While some optimistic voices predict a meteoric rise to $1 million per coin, driven by economic challenges, others approach this outlook with skepticism. Advocates of Bitcoin view it as a beacon of stability in
Sotheby’s is gearing up for an auction on June 18 that will feature a specially curated selection of Bored Ape Yacht Club-centric Ethereum NFTs from Yuga Labs. The main purpose of this auction is to gauge the interest of the fine art community in Ape-themed digital assets and assess their lasting value in the market.
In a recent memo, Bitwise CIO Matt Hougan highlighted the shifting attitudes in Washington towards cryptocurrencies. He pointed out that the US political landscape has taken a more positive stance towards crypto in recent weeks, which has not been fully reflected in the market. According to Hougan, if the impact of these changes had been
Binance, a prominent figure in the blockchain ecosystem and cryptocurrency exchange arena, has recently announced the launch of their groundbreaking Binance World Championship. With a staggering rewards pool exceeding $4.2 million, this tournament represents a significant milestone for Binance. The primary objective of this competition is to recognize and appreciate the diverse range of users
Watford Football Club has taken a bold step towards revolutionizing the ownership structure of football clubs by offering 10% of its equity to investors, including its very own fans. This move marks a significant shift in the traditional ownership model of football clubs, providing an opportunity for fans and investors to have a stake in
The upcoming House Appropriation budget has the potential to prevent the US Securities and Exchange Commission (SEC) from implementing its controversial Staff Accounting Bulletin 121 (SAB 121). According to FOX Business reporter Eleanor Terrett, who broke the news on June 4, the budget includes a provision that would bar the SEC from using appropriated funds
Recently, one frog-themed meme coin has been gaining significant popularity in the cryptocurrency market. Brett (BRETT) experienced a 30% spike in its price within a 24-hour period, bringing it close to a new all-time high. This particular meme coin was created three months ago but only started gaining traction towards the end of March, primarily